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Bank credit to the domestic private sector: January 2014

27/02/2014 - Press Releases

The annual growth rate of total credit extended to the domestic private sector, in January 2014, stood at -4.0%, from -3.9% in the previous month. The net flow of total credit to the domestic private sector was negative, amounting to EUR 576 million (January 2013: negative net flow of EUR 296 million).

Credit to corporations

The net flow of credit to corporations, in January 2014, was negative, amounting to EUR 268 million (January 2013: positive net flow of EUR 96 million), and the annual growth rate of credit stood at -5.2%, compared with -4.9% in the previous month. In particular, the annual growth rate of credit to non-financial corporations stood at -5.3%, compared with -5.0% in the previous month, while the net flow of credit to non-financial corporations was negative and equal to EUR 153 million (January 2013: positive net flow of EUR 164 million). The annual growth rate of credit to insurance corporations and other financial intermediaries stood at -4.1% in January 2014, compared with -3.3% in December 2013.

Credit to sole proprietors and unincorporated partnerships

The net flow of credit to sole proprietors and unincorporated partnerships was negative, amounting to EUR 2 million in January 2014 (January 2013: zero net flow) and its annual growth rate stood at 0.9%, unchanged from the previous month.

Credit to individuals and private non-profit institutions

In January 2014, the net flow of credit to individuals and private non-profit institutions was negative, amounting to EUR 306 million, (January 2013: negative net flow of EUR 392 million) and its annual growth rate stood at -3.4%, compared with -3.5% in the previous month.

Related link: Bank credit to the domestic private sector: January 2014 - Table

 

 

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